Thursday morning news drop
So Bearish it Hurts Okay, so as I’m typing this, my wife called me and said, “I’m at Nordstrom returning clothes because it’s a bear market.” She was being funny, but she actually said this. She told me it’s all over Facebook and Eyewitness news. “Bear market, bear market, bear market. Inflation, inflation, inflation. It’s everywhere.” I’m using quotes because it’s a real thing she said. (Irrelevant Investor)
‘The Music Has Stopped’: Crypto Firms Quake as Prices Fall Crypto companies are laying off staff, freezing withdrawals and trying to stem losses, raising questions about the health of the ecosystem. (New York Times)
Gen Z, Millennials and Gen X All Basically Agree on WFH: Support for hybrid working is high across demographics. But bosses should ask why — and address the reasons. (Bloomberg)
Stores Have Too Much Stuff. Here’s Where They’re Slashing Prices. Retailers are getting ready to cut prices of goods that were popular during the pandemic. Expect ‘discounts like you’ve never seen before.’ (Wall Street Journal)
How Did Guns Get So Powerful? Decade by decade, firearms have become deadlier—and tightened their grip on our collective imagination. (New Yorker)
Alberta renewable energy surge could power 4,500 jobs Unique market is attracting billions of dollars from companies looking for cheap clean energy, or carbon offsets (Narwhal)
Russia Is Taking Over Ukraine’s Internet In occupied Ukraine, people’s internet is being routed to Russia—and subjected to its powerful censorship and surveillance machine. (Wired)
A Texas Teen-Ager’s Abortion Odyssey The Heartbeat Act is forcing families to journey to oversubscribed clinics in other states—offering a preview of life in post-Roe America. (New Yorker)
Anti-money laundering inquiry calls for sweeping changes to tackle dirty money in B.C. Commissioner speaking live after releasing report into 'staggering' money laundering problem (CBC)
U.S. central bank hikes interest rate by biggest amount since 1994 The Federal Reserve has raised its benchmark interest rate by 75 basis points in effort to rein in inflation (CBC)
